Similar Posts
NCT approves six new projects worth Rs 96.7 billion
The National Committee on Transmission (NCT) recently recommended six interstate transmission system (ISTS) schemes with a total project outlay of nearly Rs 96.7 billion, to be implemented under the tariff-based competitive bidding (TBCB) mechanism. These schemes aim to enhance India’s power transmission infrastructure across various states. The first scheme focuses on developing a transmission system to supply power to green hydrogen and ammonia manufacturing in the Kandla area of Gujarat, with a planned capacity of…
Telangana secures Rs 315 billion investment during Chief Minister’s US visit
During Telangana Chief Minister A Revanth Reddy’s visit to the US, the state secured investment deals worth Rs 315 billion, 19 investment deals and MoUs. Key sectors benefiting from these investments include IT, Global Capability Centers (GCC), life sciences, pharmaceuticals, data centres, AI, cloud services, electric vehicles, green energy, FMCG, and manufacturing. Major announcements in the IT sector include a new Global Capability Center by Charles Schwab and significant expansions by global IT giants Cognizant…
Om Infra secures Rs 4.1 billion H&M contract for Kwar HEP
Om Infra has been awarded a contract valued at Rs 4.1 billion for hydro-mechanical (H&M) works on the 540 MW Kwar hydroelectric power project in Jammu & Kashmir by Chenab Valley Power Projects. The contract includes the complete HM scope, covering procurement, manufacturing, inspection, assembly, testing, painting, transportation, storage, site erection, and commissioning of equipment such as radial gates, stoplogs, gantry cranes, trash racks, and steel liners for pressure shafts. The project is expected to…
Tata Electronics, TCS to develop India’s first domestic semiconductor chips by 2026
Tata Consultancy Services (TCS) is collaborating with Tata Electronics to introduce India’s first domestically produced semiconductor chips by 2026. Tata Electronics is leading the manufacturing efforts, targeting industries such as automotive, electronics, power, consumer goods, and healthcare. TCS will contribute through semiconductor design, engineering, and related services, including software solutions and IP-based products. The India Semiconductor Mission (ISM) has approved three semiconductor manufacturing facilities, including two led by Tata Electronics: a USD 11-billion chip manufacturing…
Canada proposes 35% emissions cap on oil and gas sector by 2030
The Canadian government has introduced draft regulations to cap oil and gas sector emissions 35% below 2019 levels by 2030, sparking backlash from industry leaders who argue it could lead to reduced production. Environment Minister Steven Guilbeault emphasized the cap targets pollution, urging companies to use their record profits from 2022, which totalled C$66.6 billion, for decarbonization. The regulations propose a cap-and-trade system rewarding low-emission producers and imposing penalties on those failing to comply, with…
Hyundai to establish Rs 1.8 billion Hydrogen Innovation Center at IIT Madras
Hyundai Motor will establish a dedicated Hydrogen Innovation Center at the Thaiyur campus of IIT Madras with an estimated investment of Rs 1.8 billion. The foundation for this project was laid by Chief Minister M K Stalin on August 21 during the Tamil Nadu Investment Conclave. The state-of-the-art facility, spanning approximately 65,000 square feet on the outskirts of Chennai, will focus on developing electrolyzers for green hydrogen generation and localizing manufacturing and supply chains. Scheduled…